Network Computing is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Savvis Adds Proximity Hosting

NEW YORK -- SAVVIS, Inc. (NASDAQ:SVVS), a global leader in IT infrastructure services for financial markets and business applications, today announced that BATS Trading, Inc. (BATS), one of the worlds fastest growing market centers, is being deployed in SAVVIS’ London (Docklands) data center, with live trading on the BATS European equities trading platform to commence later this year.

In just over two years BATS has captured nearly 10% of matched U.S. market share and recently announced plans to enter the European equities market. SAVVIS will work with BATS to help the market center replicate its success in Europe. A key part of the deal will allow BATS’ customers to co-locate their platforms in the Docklands data center and use SAVVIS’ Proximity Hosting solution to further reduce estimated transaction times to microseconds.

“With the advent of the Markets in Financial Instruments Directive (MiFID), there is real demand in Europe for access to global markets and, in order to make international trading successful, we must replicate the same speed and responsiveness we’ve displayed in the U.S.,” said Ken Conklin, senior vice president in charge of business development at BATS. “With our dedication to making markets better while working in tandem with the broker-dealer community, SAVVIS, with its proven experience, is a natural fit for us in Europe.”

Savvis Communications Corp.